Archive for October, 2014

Substantially more, as many as 75%, HSA (health savings account) high-deductible health
plans are being forced upon employees for their health coverage. This is a substantial
increase from recent years, and, although it lowers premiums paid or taken out of
pay-stubs per month it raises out-of-pocket expenses much more than traditional plans.
To cushion the blow, some employers are paying a part of the high-deductible, but balance
is the responsibility of the employee. These pay-out must occur before the insurance
policy starts.
Don't be mislead by the lower monthly premium. For example, for a $5,000.00 deductible
plan, even if your employer pays for the first $2,500.00, the next $2,500.00 is your
responsibility before the policy starts to pay. Once the deductible is met, co-pays or
percentages-of-payouts remain the responsibility of the employee.